Company issued a $100,000 face value bond on January 1, 2017.The 10 year term bond was issued
Question:
Company issued a $100,000 face value bond on January 1, 2017.The 10 year term bond was issued at 102 and had a 3% stated rate of interest that is payable on December 31st of each year. What was the debit to cash when the bond is issued.
Company issued a $100,000 face value bond on January 1, 2017.The 10 year term bond was issued at 102 and had a 3% stated rate of interest that is payable on December 31st of each year. What is the amortization amount for the bond premium?
Company issued a $100,000 face value bond on January 1, 2017.The 10 year term bond was issued at 102 and had a 3% stated rate of interest that is payable on December 31st of each year. What is the interst expense for year one?
Company issued a $100,000 face value bond on January 1, 2017.The 10 year term bond was issued at 102 and had a 3% stated rate of interest that is payable on December 31st of each year. What is the carrying value of the bond at the end of Year 3?